Entrepreneur

Bye-Bye Savings Bonds and Hello Modern Savings for Kids with Mimi Chan

Millennials are leading the way when it comes to modern savings. There’s a strong trend towards gifting experiences over stuff that’s honestly really refreshing, and we’re seeing this trend with children’s gifts as well. Play yards and plastic trucks are great, but what about gifting your child (or someone you know) with money towards their goals like college or even buying a house in the future? Today’s podcast guest, Mimi Chan, is sharing how her company, Littlefund, is shaking things in the world of gifting.

What You’ll Learn

  • Why we needed a gift-giving evolution in this country
  • What’s prompted the trends towards giving experiences over stuff and how that is changing the way we view our finances
  • How to give monetary gifts towards future goals for your children or your friends’ children (hint, great for the holidays)
  • How growing up with immigrant parents shaped Mimi’s own money story and her drive to start Littlefund

Links Mentioned

More about Littlefund

Littlefund, a modern gifting platform that makes it easy for family and friends to gift savings towards a child’s goals with an FDIC insured account which earns interest of 1% APY that compounds daily. So it truly is the gift that keeps on giving (and at a rate higher than the average savings account to boot). Accounts can be set up by parents with short-term goals such as a trip to Disneyland or swim lessons,  or longer range goals like saving for college. Gifters can send a Littlefund gift at any time by using a parent’s email address as the family being gifted does not need to have a Littlefund account in advance.

SUBSCRIBE & REVIEW

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Also, podcast reviews are super important to iTunes and the more reviews we have, the more we can spread the Millennial Money message (those iTunes algorithms are crazy). I’d be honored if you left a review and let me know what you love about the podcast.

Ask Shannah

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Sunday Seven Email Club

Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

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HGTV’s Good Bones Mina & Karen on Taking Risks & Trading In a 9 to 5

On a recent trip to Indianapolis (my hometown), I had the privilege of joining Mina and Karen of HGTV’s Good Bones for coffee and a chat about their thriving career. This mother-daughter home remodeling duo is hilarious (as you’ll hear). Karen, a former practicing lawyer, and her daughter, Mina, decided to say “no thank you” to the typical 9 to 5 career, took a risk with money she had saved in an IRA and started a thriving remodeling business in Indianapolis. And then, one day, HGTV came calling, and the rest is history.

What You’ll Learn

This was one of my very favorite interviews. Not only were we sitting in a super cool coffee shop in Indianapolis, but I was so inspired by Mina and Karen’s story of taking risks, charting your own path, and having a sense of humor about the moments that don’t work out. Not everyone gets a call from HGTV, but I think we can all aspire to find a career that we feel good about and helps other people at the same time!

  • Mina shares how she wisely invested in an IRA in college and those funds ended up funding their very first home purchase
  • Find out how they choose their remodeling projects and hear some great stories about some of the craziest houses they’ve worked on
  • Be inspired by Mina’s pledge to not work a typical 9 to 5 and why she decided to take the risk of starting a remodeling business
  • They share the story of how HGTV came calling and why they thought it was a shady call and so not real
  • Learn how they’ve continued to grow their career and why they’re not resting solely on HGTV’s success

Links

SUBSCRIBE & REVIEW

Want to be the first to know when new episodes are released? Click here to subscribe in iTunes!

Also, podcast reviews are super important to iTunes and the more reviews we have, the more we can spread the Millennial Money message (those iTunes algorithms are crazy). I’d be honored if you left a review and let me know what you love about the podcast.

Ask Shannah

Have an Ask Shannah question, submit it here

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Rethink The Power of Networking with Kelly Hoey + Ask Shannah

Do you know the value of your network? Most of us take for granted the relationships we make in our career and don’t realize their worth. What if there was someone in your network right now that held the keys to your dream career or to opening a door that would score you a book deal and more? There’s power in your network, and our podcast guest, Kelly Hoey, is here to show you how to Build Your Dream Network (also the name of her amazing book)!!

Questions I Ask Kelly

  • I’ve gotta ask, have you always been a natural networker or is this something you had to work on?
  • I saw a graphic you posted on Twitter and it really makes think –  “no one cares about your career as much as you do”. That sounds obvious, but we forget it. Why do we need to remember that?
  • A lot of us hate the networking – how can we make peace with it and do it effectively?
  • Why is having a network so key to our success?
  • What about if you’re terribly shy – where do you start?
  • Do you have any stories you can share with how having this dream network has helped you in ways that just blow your mind?

What You’ll Learn

  • Why your relationships are worth value to your bank account
  • How to have an entrepreneurial mindset with your career
  • Why you might need to rethink networking and how to win at each event
  • Never underestimate anyone, even your Uber drivers
  • How to build a network that will keep paying you dividends for many years

SUBSCRIBE & REVIEW

Want to be the first to know when new episodes are released? Click here to subscribe in iTunes!

Also, podcast reviews are super important to iTunes and the more reviews we have, the more we can spread the Millennial Money message (those iTunes algorithms are crazy). I’d be honored if you left a review and let me know what you love about the podcast.

Ask Shannah

Have an Ask Shannah question, submit it here

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You’re Not Lost With Maxie McCoy + Ask Shannah

Have you ever felt lost? I sure know I have, and I’m guessing you have as well. Whether you feel lost in your career, your finances, your relationships or just in life in general, this podcast episode should be one you keep on rotation. Author and all-around amazing chic, Maxie McCoy, is bringing some of her best knowledge and tips from her upcoming book, You’re Not Lost: An Inspired Action Plan for Finding Your Own Way.

On This Podcast Episode:

We’re starting things off with a very relevant Ask Shannah question from Jane who is searching for answers for feeling lost financially. While there aren’t any magical solutions, I share my two tips for helping you find your way.

From there, Maxie drops her wisdom about how you can proactively find your way from feeling lost to found in her new book, You’re Not Lost.

One of my favorite tips she shared was the idea of starting small – something we all know we should do but so seldom do. And, her advice about getting insights from your friends is one of the most revolutionary steps I’ve taken this year to change my approach to just about everything – so I know it will work for you too.

You can pre-order Maxie’s book You’re Not Lost today!

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Have an Ask Shannah question, submit it here.

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Innovation That Leads To Change In The Black Millennial Community With Ras Asan

Ras Asan means business. As a black millennial male himself, he co-founded BREAUX Capital rising from his own needs to figure out a different way to approach financial wellness. He figured if other black millennials were having the problems he was having, then he needed to start a company to meet their needs. BREAUX Capital’s innovation is shaking up the fin-tech space and that’s certainly not a bad thing.

On This Podcast Episode:

Ras is one of those guests that I could talk to for hours. He’s articulate, diverse, and has learned many money lessons along his own entrepreneurial journey that he’s sharing on this episode.

Cooperatively owned and operated, BREAUX Capital is focused on increasing the financial wellness of millennial Black males. Since launching with only $500, BREAUX Capital has bootstrapped its way to serving members across the country. BREAUX Capital leverages a combination of software and a membership community to enhance the short and long-term financial health of its members.

There’s no doubt in my mind that Ras and Breaux Capital will continue to shake up this old-fashioned industry.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

Have an Ask Shannah question, submit it here.

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How to Win at Adulting with Arika Pierce + Ask Shannah

“There are days I wish I could crawl back into my parent’s house and make them make all the decisions,”  proclaimed Airka Pierce. Haven’t we all been there on those days when life just doesn’t seem to make sense? There are ways to win at adulting, and our podcast guest, Arika Pierce, is dropping some bombs of wisdom on this podcast episode.

On This Podcast Episode:

Arika Pierce is a generational strategist, Xenial, attorney, author, Millennial Coach and speaker and author of The Millennial’s Playbook to Adulting. Think of her like me, your big sister sharing lessons she’s learned along the way. On this podcast episode, we’re chatting about some of her favorite playbook advice for your wallet and your career, and why she says that her best piece of advice is, “always be comfortable with being uncomfortable.”

Today’s Ask Shannah question is from Dylan who is curious about the difference between buying life insurance through his company or through an outside company like Haven Life.

Thanks To Our Podcast Episode Sponsors:

ZipRecruiter – right now, my listeners can try ZipRecruiter FOR FREE at this exclusive web address: ZipRecruiter.com/mymoney!

Care/of – For 25% off your first month of personalized care/of vitamins, visit takecareof.com and enter MY MONEY.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

Have an Ask Shannah question, submit it here.

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Reinvent Your Wardrobe (& Save $$) with Brooklyn Decker and Whitney Casey + Ask Shannah

You look in your closet and can’t find a thing to wear. So, naturally, you jump online to start shopping. But, what if there was a better way? What if you could have your closet on your phone and shop your closet in a new way each day? Meet Finery.

Finery is the first digital wardrobe platform that organizes your wardrobe and uses predictive analytics to style you with the clothes you already own, founded by Brooklyn Decker (actress, model, currently on “‘Gracie and Frankie”) and Whitney Casey (former ABC and CNN anchor). Brooklyn and Whitney created Finery after realizing there was Spotify to manage our music, Tripit to manage our travel and Mint to manage our finances – why wasn’t there an app to manage our wardrobes, which women spend more on than their education?

On This Podcast Episode:

I’m talking raw and honest with Brooklyn and Whitney about what it took as female entrepreneurs to launch their new business venture, Finery. There are so many great pearls of wisdom in this podcast episode whether you just want to find a way to save money and shop your wardrobe or you want to some female to female advice on getting your business up and running.

We’re covering:

  • Why they decided to build an app that stops selling people more stuff and starts helping them use what they’ve got
  • How to find your “perfect” business partner
  • Why investors are finally excited about investing in female-owned startups
  • Debunking myths women have on how they spend, save and invest their money

Plus, thanks to Robin for your Ask Shannah contribution!

Check out the GoBankingRates #SmartMoneySquad article I mentioned in the episode.

Episode Sponsor:

Thanks to Wing for sponsoring this podcast episode. Head over to Wing’s website and enter code MYMONEY to get $25 off your first month’s bill.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome!

Please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

Have an Ask Shannah question, submit it here.

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Everyone Has a Story with Lily Clayton Hansen + Ask Shannah

We talk often on this podcast about our own stories – our money stories, our career stories, our family stories, etc. and how those stories have a direct correlation to the decisions we make in our lives. Our podcast guest, Lily Clayton Hansen, has built her career sharing stories of people who inspire her focused on her goal of reminding people, “that by keeping an open mind and heart we can foster genuine connection.” We need connections now more than ever.

On This Podcast Episode:

Lily was a guest on the podcast way back when her first book, Word of Mouth, hit the scene and she’s back again to chat about her new book, Word of Mouth: More Conversations, chronically stories from her hometown of Nashville.

In Word of Mouth: More Conversations—the follow-up to Hansen’s first coffee table book, Word of Mouth: Nashville Conversations, which sparked collaborations with institutions such as the Nashville International Airport and Vanderbilt University—the author interviews a wide cast of characters from business owners to community leaders and artists. Her intention is to show the textured, complex creative mecca that is Nashville.

My hope through this conversation is that you’ll be inspired to have more conversations – conversations with your partner about money, conversations with your family, conversations with people you come in contact with about their life and find common connections. Also, I hope Lily’s story shows you that a dream career is possible without a huge NY Times best-seller or millions of books sold. She’s a millennial on a mission and her fearlessness is downright infectious.

Music credit: Rod Steward, Every Picture Tells a Story

Link to CFP Board Find a CFP website

Thanks to Our Episode Sponsor:

Big thanks to Wing for being a podcast episode sponsor. Get $25 off your first month’s bill by going to their website http://www.wingalpha.com and entering code MYMONEY.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

Have an Ask Shannah question, submit it here.

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Why Being Bad With Money Isn’t So Bad With Gaby Dunn + Ask Shannah

You may know of the name Gaby Dunn. She’s host of a popular podcast, Bad With Money, and is also a New York Times best-selling author, journalist, Comedian and YouTuber. Basically, she’s never bored! Gaby realized one day that if she was bad with money, other people must be too, and so she decided to start a conversation around it.

On This Podcast Episode:

“Money scripts, how you think about money based on what your family taught you is a new concept to me. Everybody learned about money by who they were raised by and it’s hard to undo that,” proclaims Gaby on this podcast episode.

This was one of my favorite podcast conversations. Gaby is funny, engaging, and deeply committed to understanding why people are bad with their money. Her podcast hosts intelligent guests and she’s not afraid to be raw and real about her own money journey. We’re covering:

  • How money scripts play into your financial thoughts
  • Why she thinks the lack of financial literacy is a conspiracy
  • How her own money story has shaped her finances
  • Why she feels talking about money is so important…even if it’s a taboo topic

To follow Gaby, you can go here:

Thanks To Our Episode Sponsors:

CandidCo – get 25% off your modeling kit when you use this link.

Wing – enter code MYMONEY to get $25 off your first month’s bill.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

Have an Ask Shannah question, submit it here.

Want More:

 

Overcoming Industry Stereotypes In Your Career with Mary Beth Storjohann + Ask Shannah

No matter what career you’re in likely there are a few industry stereotypes that you have to overcome. Being a CERTIFIED FINANCIAL PLANNER is no different – especially being a female in this industry. Mary Beth Storjohann is a leader in the CFP® world, a podcaster, a mother and so much more and joining on Part 1 of this podcast episode to discuss how she’s overcoming industry stereotypes and how you can as well.

On This Podcast Episode:

Mary Beth Storjohann, CFP® and Founder of Workable Wealth is an author, financial planner and accountability coach working to help clients in their 20s-40s across the country make smart, educated choices with their money. Her recent accolades include the “Top 40 Under 40” by Investment News, “10 young Advisors to Watch” by Financial Advisor Magazine, and “10 of the Best Personal Finance Experts on Twitter.” She frequently appears on NBC as a financial expert and her expertise has been featured in The Wall Street Journal, CNBC, Forbes and more.

She’s joining me on Part 1 of this podcast episode to dish about career stereotypes that we’ve both faced and dishing about some of her favorite tips that women need to be aware of to build a strong financial future.

You can check out Part 2 of this podcast on Work Your Wealth Podcast

You can connect with her via Twitter @marybstorj, on Facebook, or via Instagram.

Shout Out to Our Podcast Sponsors:

Big thanks to Wing and Audible for sponsoring this podcast episode.

Audible.com/mymoney to get started today! The book I mentioned was called One Up on Wall Street.

Wingalpha.com – SIGN UP and enter code MYMONEY to get $25 off your first phone bill!

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

Have an Ask Shannah question, submit it here.

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